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Bankowość centralna · 15/10/2024

Truth in Lending (Regulation Z) Amendment

The CFPB and the Board are publishing final rules amending the official interpretations for the regulations implementing the Truth in Lending Act, adjusting the exemption threshold for consumer credit transactions based on the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers. The exemption threshold will increase from $69,500 to $71,900, effective January 1, 2025, as required by the Dodd-Frank Act.

Source: Federal Register — Federal ReserveOpen original release →